The bill that creates the National Policy for Critical and Strategic Minerals has advanced in the National Congress and will now proceed to the Senate for analysis.
The proposal was approved by the Chamber of Deputies last Wednesday (6) amid increased global interest in minerals considered strategic for the energy transition and for the high-tech industry.
The project establishes guidelines for the exploration, processing, and development of the production chain of these minerals in the country.
Among them are rare earth elements, a group of 17 chemical elements used in the manufacture of batteries, electric vehicles, chips, solar panels, wind turbines, and other products.
The proposal seeks to prevent the country from acting solely as an exporter of raw materials. According to the bill, incentives are planned for the exploration, processing, and recycling of rare earth elements and other minerals used in technologies, batteries, and electronic equipment.
Among the mechanisms foreseen is the creation of a Guarantee Fund for Mineral Activity, with an initial contribution of R$ 2 billion from the Federal Government to support projects related to the exploration of critical and strategic minerals.
The text also establishes a tax incentive program estimated at R$ 5 billion over five years, aimed at companies that carry out processing and industrialization stages of these minerals in Brazil.
The topic also gained prominence during the meeting between President Luiz Inácio Lula da Silva and the President of the United States, Donald Trump, amidst increased international interest in critical minerals and rare earth elements.
During the meeting, Lula stated that he discussed with Trump Brazil's potential in the exploration of critical minerals and rare earth elements, resources considered strategic for sectors linked to energy transition, technology, and highly complex industries.
According to the Federal Government, the objective is to expand the geological mapping of the national territory and advance in a planned manner in the exploration of these minerals, seeking to increase Brazilian participation in the global supply chain of the sector.
Furthermore, the government stated that Brazil will remain open to international partnerships, including with American companies, but emphasized that the goal is to attract investments aimed at strengthening the national industry.
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